For Law Firms, Real Estate Brokers, and Professional Service Providers
Coverage should reflect what your firm actually does.
Professional liability written years ago for a different version of your firm rarely keeps up with how the work has changed. Canary places coverage for law firms, real estate brokers, and professional service providers that have outgrown their current program.
What we hear from professional firms
The firms that come to Canary are well-established. They've grown, added practice areas, taken on partners, and realize their current policy was written for the firm they used to be and doesn't quite fit anymore. The same concerns come up again and again. None of them are about price.
Generic E&O written for a different practice
A policy bought five years ago for a firm that did three things, still in place at a firm that now does seven. Times have changed, but the policy hasn't.
Partner and C-Suite exposure left out
Professional Liability is important, but so are the D&O and Management lines. Without each, Partner-level decisions may be exposed to costly claims.
Confusion on who to contact for what
You've got questions and need answers quickly, but you keep getting passed around to different people with your current insurance agent.
Who we serve
The professional firms that come to Canary aren't all shaped the same way. A short note on each, and a Perch article worth reading if you want to go deeper.
Law firms
Canary places professional liability and management lines for law firms whose policy was written years ago for a different shape of practice. Partner-level decisions, fiduciary exposures, and employment-side claims all sit alongside the E&O conversation.
Real estate brokers
For real estate brokerages and the agents working under their license, Canary places coverage that pays attention to the structural seams: the firm program, the individual policy on top of it, and the way the form treats independent contractors.
Read Firm program or your own policy: how real estate brokers should think about E&O.
Professional service providers
Professional service providers outside the law firm and real estate broker register also benefit from coverage that reflects the actual shape of their practice. Consulting and advisory firms, accountancies, design firms, and other service-led businesses all share the same core E&O question, and the same need for management lines as the practice grows.
Read What your agency E&O policy doesn't cover, and what to do about it.
Canary works differently
Multiple carrier options
Just like no two firms are the same, no two policies are the same. Canary works to provide carrier options for your consideration. You choose what's best.
Complementary Coverages
Whether you're in need of standalone policies or bundled coverages; Canary has options so you can make an informed decision.
A boutique experience
No more long queues or redescribing your concerns or questions over and over again to different people. You talk to a person who knows your name, your file and is ready to help.
Coverages we offer
You're here because you want to protect your business, but you also want options. We're here and ready to help you move forward with just that.
- Errors and Omissions / Professional Liability
For law firms, real estate brokers, and professional service providers, the professional liability policy is the line that responds when a client alleges the work didn't meet the standard: a missed deadline, a disclosure that should have been made, advice that didn't account for something. Designed to respond to claims arising from the services your firm provides.
Addresses claims arising from professional errors, oversights, or alleged failure to perform in the services your business provides to clients.
- Management Liability
Professional firms tend to buy E&O carefully and then leave the leadership-side exposures uncovered or scattered across policies that don't talk to each other. Management liability brings the partner-level, employment, and fiduciary exposures under one frame, sized to how your firm actually operates.
An umbrella term for the management-side exposures most businesses carry but rarely think about until something happens: leadership decisions, employment practices, and fiduciary duties.
- Directors and Officers (D&O)
Managing partners, executive committees, and brokerage principals make leadership decisions that can be second-guessed by a co-owner, an associate, an investor, or a counterparty in a deal. D&O is designed to respond when those decisions are challenged, separate from the professional services your firm renders to clients.
Responds to claims alleging wrongful acts by directors, officers, or the company itself in their leadership decisions. Relevant for any business with a board, partners, or named executives.
- Employment Practices Liability (EPLI)
Law firms, real estate brokerages, and professional service providers run on relationships, and the same dynamic that makes the work possible can produce claims from associates, support staff, independent contractors, or applicants. EPLI addresses allegations of wrongful termination, discrimination, harassment, or related employment practices.
Addresses claims from employees, applicants, or independent contractors working on the company's behalf alleging wrongful termination, discrimination, harassment, or related employment practices. Worth a look the moment a business has employees.
- Fiduciary Liability
Firms that offer a 401(k), pension, or other employee benefit plan take on fiduciary duties under ERISA, and partners and management often share that exposure personally. Fiduciary liability is designed to respond when a participant or regulator alleges those plans were mismanaged.
Designed for businesses that manage employee benefit plans. Responds to claims alleging mismanagement of those plans under ERISA or similar standards. Often overlooked until a participant raises a concern.
- Crime
Law firms hold trust accounts and IOLTA balances; brokers handle earnest money and commission funds; professional service providers route client money through their books. Crime coverage addresses losses from employee theft, fraud, and certain third-party criminal acts that reach the firm's accounts or the client funds under your care.
Addresses losses from employee theft, fraud, and certain third-party criminal acts. Frequently bundled with management liability for businesses that handle client funds or sensitive data.
- Cyber Liability
Privileged client communications, transaction documents, identity data, and wire instructions all sit inside the systems your firm uses every day, and a single business-email-compromise event can move client money before anyone notices. Cyber liability is designed to respond to data-breach incidents, ransomware events, and business-email-compromise claims.
Responds to data-breach incidents, ransomware events, and business-email-compromise claims. Increasingly relevant for any business that holds client records or processes payments online.
For the full set of lines Canary places, see What We Do.
You’ve worked hard to build a business that represents who you are, what you believe in, and what sets you apart from the rest. Your insurance coverage should similarly reflect what you actually do. Don’t just settle for what everyone else is getting or the lowest price. You’ve built something worth more than that.